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According to Technavio research analysts, the BMX bikes market size is predicted to surge by USD 70.13 million from 2021 to 2026 at a CAGR of 5.02%. This research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The BMX bikes market report also offers information on several market vendors, including Alta Cycling Group, CHASE Bicycles, CULT, Cycling Sports Group LLC, deepAutum GmbH and Co. KG, Dynacraft BSC Inc., Eastern Bikes, Elite BMX Co., Fitbikeco., FLYBIKES S.L., Haro Bikes, Hyper Bicycles Inc., Kink BMX, Royalbaby Cycle Beijing Co. Ltd., Stolen Brand, Stomp Distribution Ltd., Subrosa, Tall Order BMX, United Bike Co., and WeThePeople Bike Co. among others. Furthermore, this BMX bikes market report extensively covers market segmentation by the following:
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The increasing number of BMX sports events is notably driving the BMX bikes market growth, although factors such as the high popularity of e-bikes may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the BMX bikes industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key BMX Bikes Market Driver
Key BMX Bikes Market Trend
Key BMX Bikes Market Challenge
This BMX bikes market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global BMX bikes market as a part of the global leisure products industry within the global household durables market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the BMX bikes market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the BMX bikes market encompasses successful business strategies deployed by the key vendors. The BMX bikes market is fragmented and the vendors are deploying growth strategies such as focusing on technological innovations and partnerships among vendors to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The BMX bikes market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the BMX bikes market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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32% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for BMX bikes in North America. However, market growth in this region will be slower than the growth of the market in other regions.
The presence of a governing body in North America encourages more BMX bike racers to participate in sports events, which will facilitate the BMX bikes market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in 2020 negatively impacted the BMX bikes market in the region. The pandemic resulted in the imposition of lockdowns in various countries across North America. The outbreak led to the cancellation of various BMX sports events, such as BMX Racing and Vert BMX riding. However, the availability of COVID-19 vaccines in this region in the first half of 2021 allowed governments to initiate large-scale vaccination campaigns and lift the lockdown regulations. Such factors resulted in the resumption of travel and leisure activities, and the demand for BMX bikes significantly increased in the region.
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The BMX bikes market share growth by the sports segment will be significant during the forecast period. The growth is attributed to the high demand for BMX bikes in sports events such as UCI Cycling World Championship. Some major sports events include BMX Racing, Vert BMX riding, and BMX Freestyle.
This report provides an accurate prediction of the contribution of all the segments to the growth of the BMX bikes market size and actionable market insights on post COVID-19 impact on each segment.
BMX Bikes Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.02% |
Market growth 2022-2026 |
$70.13 million |
Market structure |
Fragmented |
YoY growth (%) |
4.0 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 32% |
Key consumer countries |
US, Canada, Australia, The Netherlands, and Czech Republic |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Alta Cycling Group, CHASE Bicycles, CULT, Cycling Sports Group LLC, deepAutum GmbH and Co. KG, Dynacraft BSC Inc., Eastern Bikes, Elite BMX Co., Fitbikeco., FLYBIKES S.L., Haro Bikes, Hyper Bicycles Inc., Kink BMX, Royalbaby Cycle Beijing Co. Ltd., Stolen Brand, Stomp Distribution Ltd., Subrosa, Tall Order BMX, United Bike Co., and WeThePeople Bike Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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